According to CoinMeta, and as reported by Bloomberg, China increased its gold purchases by 650,000 ounces in August, which is the largest purchase since 2023. Oil prices continue to rise, with WTI approaching $93 and Brent oil at $97. Iran has stated that a shipping agreement with Oman regarding the Strait of Hormuz is near, which may further solidify its control over the strait. The Ethereum Foundation announced that certain transactions are two "must-deliver" requirements for the upcoming upgrade. Trump said, "Oil prices will fall significantly when we win the war with Iran." Hackers have returned 3,400 bitcoins (85%) to federal wallets. Ethereum's next upgrade will allow users to pay transaction fees using stablecoins instead of fiat currency. Hunter Biden plans to launch a new cryptocurrency on September 9th in collaboration with Citibank, utilizing blockchain technology for 24/7 cross-border dollar payments. China has injected $45 billion into its largest banks and insurance companies, which is the largest capital restructuring in nearly 20 years.